kayventrades

kayventrades

Have a similar feeling to just before the Bitcoin flash crash a couple of weeks ago. Could see a rapid correction to the downside. Watch this space. Not a trade idea.

kayventrades

After the massive sell off, it looks like Bitcoin is forming a bottom. Would be surprised to see the wick lows invalidated after a very rapid decline. A gradual move higher towards the 50k area would be more probable. This is where it will be important to watch. Further sideways consolidation or upward movement is most likely. However, there is downside risk...

kayventrades

Coins that accumulate slowly without much hype such as District Ox has gained my attention. Coiling in a small triangle, 4th touch so should see it break higher now. A 5th touch and further consolidation within the triangle would not be ideal. Need to see good volume.

kayventrades

Found a nice little setup on SUSHI that i'm willing to take a small position on. Clean break and close above a horizontal level and re-test. Price is peaking above which a good structure underneath for stops.

kayventrades Updated 

Break of a longterm down trend line and close above resistance. Price is now coiling above support with clear skies above. Targeting fib extension levels.

kayventrades

Break and close above the horizontal line could indicate a change of sentiment. May even look to enter on a retest of the horizontal line. Larger diagonal break with volume would confirm. Setting a moderate target (green line). All eyes on BTC.

kayventrades

Trading idea for a BTC long after a quick shakeout. Might not see the retrace but would form a bullish continuation pattern with targets above ATH's. If price returns to the circled area, will be watching closely for a long position (expecting volatility/volume).

kayventrades

Looks like a decent short entry. Buyers exhausted.

kayventrades

Bitcoin is reaching the point where high highs are marginally smaller on lower timeframes. A correction is due. Will it correct here or higher? Don't know - but the R/R is great to take a short trade back to the point or breakout or Fib level.

kayventrades

Watching for a break above (with volume) and return to horizontal line to confirm full position size.

kayventrades

Corrective move up during the week into a strong supply zone that triggered a descending triangle with a quick and strong move down. Would expect some cooling off here over the weekend and a another leg down. RSI Divergence on the smaller time frames.

kayventrades

If resistance can turn to support, probability favors a move to the upside. Volume will confirm.

kayventrades

If this pivot low can hold as support, we should see bullish price action. Watching with eagerness.

kayventrades

From a long term investment, PPT is setting up nicely. A higher low will confirm a new short term uptrend. Watching volume. Idea only, not trade advice.

kayventrades

December lows on $BTC are in. Early 2020 rally to $10,000. Re-test the breakout of channel, then everyone is a genius for spotting the inverse head and shoulders. Breach 2019 ATH end of 1st quarter #bitcoin #Crypto Who agrees?

kayventrades Updated 

We have seen this candle stick before. As mentioned in a previous post, Bitcoin is still BEARISH. Rallies should be sold.

kayventrades

Chart patterns on higher timeframes are usually reliable. Doesn't mean they need to complete or reach target. But what is does mean is, don't counter trade it.

kayventrades

Rounded bottom and possible breakout forming. If volume can come in will be a great trade and Risk/Reward